Investment strategy question: Bag transfer

[littleDarper]

There's a common and good theme in crypto and investment: buy low, sell high. If you haven't recouped your losses and have heavy bags, then don't sell at a loss.  For those that follow this strategy, I have a question.

Let's say you invest in a shitcoin that tanks, and it loses 50% value. You research and find another coin that looks slightly more promising that also tanked by a comparable amount recently. If you were to sell at a loss in the shitcoin, and buy into the new coin at a discount (again, assume both have tanked equally in the same timeframe) would this be breaking the "buy low, sell high" rule? Since technically you'd just be transferring the same value to another project in the same situation but with perhaps better potential to return to its previous levels.

[1714902135]

1714902135

[1714902135]

1714902135

[1714902135]

1714902135

[1714902135]

1714902135

[coinsontheroad]

Yes. I've done this before. When bitcoin goes on a run it might be good to get rid of those bags and just let your money fly int BTC.

But if you def see one project that's going to perform better than a shit coin your holding, I'd say transfer bags.

[littleDarper]

Yes. I've done this before. When bitcoin goes on a run it might be good to get rid of those bags and just let your money fly int BTC.

But if you def see one project that's going to perform better than a shit coin your holding, I'd say transfer bags.

Good advice. This is what my gut told me and I'll follow through with, thanks for confirming it.

[Daria_daria1992]

Of course, this option has the right to be.  And I think that every investor did this, and maybe not once.  I also had a few coins that were stuck in one place, and did not give growth.  And when I did not have free money, I sold these coins at a loss and bought more promising altcoyins.  Investment strategies deal with common situations - when there is a general fall in the market, when a coin  has a good potential in the future.

[DaFingIs]

If you can see more chance of a profit through the alternate coin then, yes, it is a good idea. If the coin is as much of a gamble as the other then maybe not so good

[DarkDrake]

it really depends on what is happening with the market at the time.

but my rule of thumb is always to invest in what you believe in.

that means if the coin you want to invest in looks better then the one you have invested in currently i would invest in the second coin.

I did that with my COSS bag and have done really well with it.

[cryptopan]

There's a common and good theme in crypto and investment: buy low, sell high. If you haven't recouped your losses and have heavy bags, then don't sell at a loss.  For those that follow this strategy, I have a question.

Let's say you invest in a shitcoin that tanks, and it loses 50% value. You research and find another coin that looks slightly more promising that also tanked by a comparable amount recently. If you were to sell at a loss in the shitcoin, and buy into the new coin at a discount (again, assume both have tanked equally in the same timeframe) would this be breaking the "buy low, sell high" rule? Since technically you'd just be transferring the same value to another project in the same situation but with perhaps better potential to return to its previous levels.

Thats a very risk move,because you might have lose the remaining holdings if the coin you are getting is another shitty coin,picking altcoins has a lot of things to consider,that is why we need to research about the altcoins's nature so you wont be worried if the market collapse because a good coin will always find its way to recover from any crash,do not invest to these shitcoins that are getting pumped because of the hype.

[makishart]

There's a common and good theme in crypto and investment: buy low, sell high. If you haven't recouped your losses and have heavy bags, then don't sell at a loss.  For those that follow this strategy, I have a question.

Let's say you invest in a shitcoin that tanks, and it loses 50% value. You research and find another coin that looks slightly more promising that also tanked by a comparable amount recently. If you were to sell at a loss in the shitcoin, and buy into the new coin at a discount (again, assume both have tanked equally in the same timeframe) would this be breaking the "buy low, sell high" rule? Since technically you'd just be transferring the same value to another project in the same situation but with perhaps better potential to return to its previous levels.

But remember you are looking for a bullish trend in another project. But the main thing is about i should always try to avoid cut loss my investment.
Assume you can buy that in the deep but if that was having the more potential rather than your current investment and what? it looks the same as buy in low and sells in high.

There are no differences.

[Bybox]

It may sound easy like that but you should learn some Technical Analysis trick to know when is the right time to transfer your bag and not buying at the Breakdown of the other altcoin

[cryptodagger]

You will only lose more,if the coin you are picking would fail,most of your money will burned if your second decision will fail.If i were you i would hold the your current bag until the market has recovered so you wont lose a lot of money,getting FOMO by the hype was never a good thing especially when the market bleeds the best is to hold your bags.

[blue_id69]

Cut some loses maybe have to be done. I mean how if that shitcoin will never go back to the price when you buy it ? anyway better to invest to some new coin that have bright future (maybe)